Thanks for sharing. 

Natixis - $100 bln Profit in Tesla Turned out to be a Mistake

@Tiger_comments
According to Yahoo. Finance, Natixis Investment Management overtook BlackRock to become the third largest shareholder after Musk and Vanguard, with a total stake of 6%. Who is Natixis? Natixis Investment is the investment management arm of Natixis, a French international financial services group. The company offers a range of investment products and services, including stocks, bonds, ETFs, commodities and more, with assets under management totaling hundreds of billions of dollars. The third biggest shareholder took Wall Street by surprise. A comparison of Natixis IM's latest and last quarter's 13F filings shows that Natixis IM actually purchased 171 million shares of Tesla stock in the last three months of 2022. If this investment were real, Natixis Investment were estimated to have gained as much as $100 billion by investing in $Tesla Motors(TSLA)$. Tesla rebounded 74% However, Natixis' PR department admitted that the company had filed its 13F in error and that there was actually no significant change in its shareholding. Where does the Tesla go? The market is divided. Jonathan Krinsky, chief market technical analyst at U.S. investment bank BTIG, said Tesla's "rally is basically over" and that $210-$225 would be a very strong resistance range. On Tesla's price cut, Wedbush analyst Dan Ives says it is a "stroke of genius", but Bank of America analyst John Murphy that it is damaging the brand image, will have a negative impact on profit margins. As a Tesla supporter for many years, Wood's $ARK Innovation ETF(ARKK)$ also had its best monthly performance in January as it was heavily invested in Tesla. In January, Wood said: "If you had to buy one stock and hold it for 10 years, it would be Tesla." How do you view Tesla's trend after 74% rise? Will Tesla enter a consolidation stage? Or will Tesla continue to go up? Share your thoughts in the comment section and win tiger coins~
Natixis - $100 bln Profit in Tesla Turned out to be a Mistake

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet